- Buy havells sl-360 tgt- 378 / 385
- BUY JINDALSAW@184..SL=181.TGT:189-195.
- BUY ZEEL@122…SL=119.TGT:127-133.
- BUY YESBANK@281…SL=277..TGT:288-294.
Nifty trend was volatile on budget day and made an intraday high of 5477 and finally lost much of the gain and closed at 5333 with slight gain .
BEST NIFTY TIPS FREE
STOCK INTRADAY TIPS FREE
Buy the share if open above 281.6 or above 285.6 with a stop at 272.5 Sell below268.5 or sell if open below 272.5
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Buy Mahindra Satyam @71.50 TG-72-73 SL-70
Sell Mohit Industries Ltd. below 27 TG-26.50-26 SL-28
Nifty Intraday F&O Tips for 05-Jan:
A LOW VOLUME CHOPPY MARKET AS MOST OF THE MARKET PARTICIPANTS ARE IN HOLIDAY MOOD.MARKET OUTLOOK, NIFTY RANGE, FREE CALL & TRADING STRATEGY FOR 24.12.2010: WWW.ASHOKSHARMA.CO.CC
MARKET today will open flat and remain choppy in the first half. It will become volatile in the second half and face technical resistance at 6020, 6040 and support at 5960, 5935. NIFTY will play in the range for some time trying to break-out. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 6040 with volume may see NIFTY testing earlier highs of 6080 levels. Last day of the trading week and also Investment and Trading GURU’s are holidaying in some nice hideouts. So do not expect fireworks today. Stay light to enjoy the X-MAS weekend.
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Update on The Ultimate Momentum Signal – 20th Sept. 2010
Nifty futures made a phenomenal rally last week on the back of the relentless buying by FIIs. The market close was near the highs too. Now the question is whether the market will be able to sustain the last week’s run rate in this week too. Even though the Ultimate Momentum Signal system do not involve any forecasting or prediction of targets and it just keeps the positions as such until exited by the application of system rules, let’s revisit the post dated 16th September in which the immediate target was arrived at. According to the good old simple gap theory of the technical analysis, the target remains at the 4950 to 4960 area. And the market may reach the said target in the early part of the new week.
Update on The Ultimate Momentum Signal – 17th Sept. 2010
The RBI announced 25 and 50 basis point ( 100 basis points = 1 % ) hikes in the repo and reverse repo rates. ( Repo is the process through which RBI lends to the banks against collateral of government securities in the very short term and Reverse repo is the process through which banks can keep excess liquidity with the RBI in the very short term. )
Now let’s try to calculate an immediate target to the current rally.
The markets had a stupendous rally in the last ten trading days. In fact the trading range of the last ten days has a span of almost 500 points. Now, the question is whether the time to take a breather has arrived ?